Simple and quick guide on how to sell your property quickly, and know how to value your property to set the right expectations
For quick offers go to http://www.sellhousefastguide.co.uk
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How To Sell Your Property Fast.... And For The Right Price !
1. How To Sell Your Property Fast...
And For The Right Price !
2. Intro
• Selling your property quickly can seem tricky especially in
times when the property market is slow or values are flat
lining (or even decreasing)
But whatever the market, property sales still happen, and
you will always be able to sell your property (in any market)
at the right price and if it is presented in the right way....
and to the right audience
This slideshare has been created
by www.sellhousefastguide.co.uk to walk you through the
steps you should consider to sell your property quickly, at a
price your happy with, and at the time frame you want
3. Value Your Property Correctly
• The first step to selling your house quickly is to set your expectations at
the start
Most house sellers have lived in their property a while and are very
attached (and rightly so). They have a lot of great memories there, but this
can lead to them thinking the property is maybe worth more than it is.
If your set out with the wrong value in mind of what the property is
worth, then its likely you will struggle to sell and your property could be
waiting on the market for a while and become stagnant, and find it very
hard to find a buyer.
There are lots of online tools and free ways to value your properties
now, but ideally your looking for recent sold prices to compare your
property against, as this is the most accurate method of getting the
possible 'market value' for your home.
4. •
In reality the sale price and what the property is worth, is what a buyer is willing to pay
and a seller is willing to sell at, but as a starting point, sales values give a good indicator.
One way to get these is using the land registry sales figures, but this can be quiet
confusing.
An easier method is to use Rightmove or Zoopla's valuation tools. These are completely
free and we have a video tutorial on how to use them here with these property
valuations guide
Just type in your postcode in to these sites and it will bring you back the figures you
need to get a good, realistic valuation of your property.
The next step is presenting your property for sale
5. Present Your Property For Sale
•
Once you have an idea on the properties value, the next step is getting it ready for sale.
Again its wise to set expectations here, and be honest with yourself on the condition of the
property
That pink paint and floral wallpaper you love so much, may not be appealing to a new buyer.
Now this doesn't mean a full over haul on the property and redecoration throughout, far
from it.
It is more about tackling the simple things like:
> Tidying up the front and back garden (first impressions really do count)
> Clean the property before viewings
> Fixing up any last minute maintenance jobs (like that loose stair rail, removing the broken
bathroom mirror, screwing the kitchen cupboard door back on)
These are all very simple and quick fixes, but if left, they will really distract the viewer
6. •
Also be realistic about who your
possible buyer is.
If your property is in a street or
location that's popular with rental
properties and your buyer is likely to
be an investor, then don't worry
about the condition. Most investors
will have seen a lot worse (trust me)
and the condition isn't that
importnant, as investor buyers will
buy in any condition
On the other hand, if your planning
to sell to a first time buyer, and the
property needs a whole new kitchen
and bathroom suite, then your will
have to understand that this will put
alot of buyers off as they wont
necessarily have the budget for these
works
So consider the condition of your
property... and reflect this in your
property price
7. Market Your Property Correctly
•
Now you have an idea on the
properties possible market value, and
you have the property 'presented'
and ready to go, how do you get it to
market.
Well hopefully when you were
consider presenting the property you
would have got an idea on the type
of buyer.
Because this will guide you on the
best place to sell your property
Typically there are 3 main options:
> Estate Agents
> Auctions
> Private Buyers
8. •
They will each have upsides and downsides, but if your looking for a fast house sale then a
private buyer maybe your best option.
Granted you probably won't achieve as high a price, as what a first time buyer might pay, but
the trade of is a much quicker sale.
If your property is in good condition and you don't need to sell quickly, then an estate agent
may be your best option to achieve the highest asking price.
Unfortunately with an estate agent it could take 3-6 months to find a buyer then a further 3
months to complete the sale. That's 9 months in total for a traditional sale
If you look at an auction, you will have to wait for the next auction to be on, which could be
2-3 months, and then usually the property will complete 1 month after the auction if it sold.
This could take around 4 months then, so it's quicker but you will generally achieve less than
selling via an estate agent. But its a good option if the property has structural issues, or
would otherwise be very tricky to sell
It's all about marketing your property to the right buyer.
Consider:
> When you need to sell by?
> What's the lowest price you can accept?
> What is the condition of your property?
And answering these three questions will usually point you in the right direction on who your
likely buyer is going to be... and how to market to them
9. Consider Private Sales
•
Private house sales are often over looked, but make
up a steady amount of UK property sales.
For speed and urgency, private sales could be your
best option.
There are many ways to find a private buyer
(newspaper adverts, referrals, internet search), but
its important to know what you want from the
buyer
Speed may not be the only thing... discretion is also
important for a lot of sellers.... and understanding
their situation.
There are lots of reasons for wanting to sell
quickly, but finding the right private buyer for your
situation is important.
•
If your facing repossession, a sale with an estate
agent will just take too long. A private buyer on the
other hand could be the sale your looking for, but
only if they understand the repossession
process, have the money ready to buy and are able
to complete quickly.
These are all questions you need to ask your buyer
if your considering selling privately.
10. Agree Terms of Sale
•
Once you have started marketing your property, if you have set your price right, presented it correctly and are marketing it
to the right buyer, then it shouldn't be long before you start receiving offers.
Remember, if price is more important than speed of sale, then an estate agent will be your best option, but you still should
be careful with the terms you agree to on the sale.
Most buyers via estate agents will require a mortgage, and all mortgages require a survey.
If the survey comes back with a different valuation than what you have agreed to sell it at... what happens next?
Understanding this early on will help you overcome any problems.
It is worth agreeing with the buyer that the property is either sold as seen, or if you know there is a problem with the roof or
damp etc... that you take the cost of the works of the agreed price.
Either way, take this in to account, as the property hasn't sold until completion day.
Also make sure you agree a target date for the completion, so you know where you stand from day one
It really is important to sit down and really think about what you want from the sale.....
> Speed
> Price
> Terms
Once you know this, your sale will be much smoother and you will be able to sell your property much faster than before
•
Slide share presented by http://www.sellhousefastguide.co.uk